Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The USD/JPY was little changed, and the technical outlook remained the same, within a tendency to rise, recording its highest level at 154.22.
On the technical side, we are inclined to the positivity, based on stability and intraday stability above the support level of 153.40, in addition to the clear positive crossover signs on Stochastic.
Therefore, we will complete our ascending targets 154.50, the next target, considering that the breach of 154.50 is a catalyst that facilitates the mission required to visit 155.00/154.90.
Activating the above suggested bullish scenario depends on stability above 153.40, and infiltrating below it delays the chances of a rise but does not cancel it. We will witness a temporary bearish slope that aims to retest 152.70 before rising again.
| S1: 153.40 | R1: 154.50 |
| S2: 152.70 | R2: 154.90 |
| S3: 152.30 | R3: 155.60 |
